VOLUME 31, DECEMBER 2020

1 VOLUME 31, DECEMBER 2020 2 E D I T O R I A L COMMITTEE EDITOR-IN-CHIEF Mohammed M. Tumala, PhD Director of Statistics EDITOR Olusola O. Osifodunrin Deputy Director MANAGING EDITOR

2 Adeyemi A. Adeboye Principal Manager ASSOCIATE EDITORS Valli T. Adejo Principal Manager Suleiman F. Ogunyinka Lailah G. Sanusi Mohammed G. Mohammed Obinna R. Ogbuka Lamin M. Magaji Statistician & Assistant Statisticians This Statistical Bulletin is a publication of the Central Bank of Nigeria (CBN).

3 All enquiries, comments and suggestions should be addressed to: The Director, Statistics Department, Central Bank of Nigeria, 0187, Garki, Abuja or Data contained in this Bulletin as well as other high frequency data can be accessed online at the CBN Statistics Database on 3 CONTENTS EXPLANATORY NOTES SECTION A FINANCIAL STATISTICS DEPOSITORY CORPORATIONS STATISTICS Monetary survey : 1981 - 2006 Depository Corporations survey from 2007 quarterly Monetary Aggregates Monetary Policy Targets and Outcomes (Growth Rates) CENTRAL BANKING STATISTICS Monetary Authorities Analytical Accounts Assets Monetary Authorities Analytical Accounts Liabilities Central Bank Accounts (1SR) Assets Central Bank Accounts (1SR) Liabilities Central Bank survey OTHER DEPOSITORY CORPORATIONS STATISTICS Deposit Money Banks Statement Assets Deposit Money Banks Statement Liabilities Other Depository Corporations Accounts (2SR) Assets Other Depository Corporations Accounts (2SR) Liabilities Other Depository Corporations survey 4 Commercial Banks' Statement Assets Commercial Banks' Statement Liabilities Commercial Banks' survey Commercial & Merchant Banks' Accounts (2SR)

4 Assets Commercial & Merchant Banks' Accounts (2SR) Liabilities Commercial & Merchant Banks' survey Non-Interest Banks' Accounts (2SR) Assets Non-Interest Banks' Accounts (2SR) Liabilities Non-Interest Banks survey Primary Mortgage Banks Accounts (2SR) Assets Primary Mortgage Banks Accounts (2SR) Liabilities Primary Mortgage Banks survey Microfinance Banks Accounts (2SR) Assets Microfinance Banks Accounts (2SR) Liabilities Microfinance Banks survey Deposit Money Banks Loans and Advances Sectoral Distribution of Commercial Banks Loans and Advances Money Market Interest Rates (Per Cent) Weighted Average Deposit and Lending Rates of Deposit Money Banks (Per Cent) Selected Financial Ratios of Commercial Banks (Percentage) Deposits and Loans of Rural Branches of Commercial Banks Number of Commercial Banks Branches in Nigeria and Abroad 5 Number of Deposit Money Banks Branches in Nigeria (by States) and Abroad Commercial Banks Loans to Small Scale Enterprises Consolidated Bankers Clearing House Statistics Payments System Statistics & DEVELOPMENT AND SPECIALISED FINANCIAL INSTITUTIONS Finance Houses Summary of Assets and Liabilities Number of Development & Specialised Banks/Institutions CAPITAL MARKETS transactions at the Nigeria Stock Exchange All Share Index on the Nigeria Stock Exchange Total Annual Market Capitalization on the Nigeria Stock Exchange Nigeria Stock Exchange Market Capitalization Equities Only insurance COMPANIES Consolidated Balance Sheet of insurance Activities (General & Life Business)

5 MONEY MARKET AND GOVERNMENT SECURITIES Value of Money Market Instruments Outstanding as at End-Period Treasury Bills: Issues and Subscriptions Treasury Bills: Issues, Subscriptions and Allotments Holdings of Treasury Bills Outstanding SAVINGS STATISTICS AND FINANCIAL DEEPENING Savings Statistics Cumulative 6 Selected Financial Deepening Indicators B PUBLIC FINANCE STATISTICS FEDERAL GOVERNMENT FINANCES Summary of Federal Government Finances Federal Government Recurrent Expenditure Federal Government Capital Expenditure Federal Government s Domestic Debt Outstanding Holdings of Federal Government s Domestic Debt Outstanding Nigeria's Public External Debt Outstanding STATE GOVERNMENTS FINANCES Summary of State Governments' and Federal Capital Territory s Finances Domestic Debt of State Governments LOCAL GOVERNMENTS FINANCES Summary of Local Governments' Finances Local Governments Total Debt Outstanding Summary of Federation Account Allocation Committee (FAAC)

6 To All Tiers of Government C DOMESTIC PRODUCTION, CONSUMPTION AND PRICES PRODUCTION AND CONSUMPTION Gross Domestic Product at Current Basic Prices - Annual Gross Domestic Product at 2010 Constant Basic Prices - Annual Implicit Price Deflator - Annual 7 Gross Domestic Product at Current Basic Prices - quarterly Gross Domestic Product at 2010 Constant Basic Prices - quarterly Implicit Price Deflator - quarterly Gross Domestic Product by Expenditure and Income at Current Purchasers' Prices - Annual Gross Domestic Product by Expenditure and Income at 2010 Constant Purchasers' Prices - Annual Gross Domestic Product by Expenditure and Income at Current Purchasers' Prices - quarterly Gross Domestic Product by Expenditure and Income at 2010 Constant Purchasers' Prices - quarterly PRICES Inflation Rates: Headline, Core and Food Monthly Composite Consumer Price Index (Base: November 2009) Consumer Price Index (Base: November 2009) Urban Consumer Price Index (Base: November 2009) Rural AGRICULTURAL CREDIT GUARANTEE SCHEME FUND (ACGSF) OPERATIONS ACGSF Operations - Value of Loans Guaranteed ACGSF Operations - Number of Loans Guaranteed on State Basis ACGSF Operations - Value of Loans Guaranteed on State Basis ACGSF Operations - Loans Fully Repaid and Analysed on State Basis ACGSF Operations - Cumulative Loans Guaranteed on Value Group Basis ACGSF Operations - Cumulative Loans Guaranteed on Category Basis MANUFACTURING CAPACITY UTILISATION Average Manufacturing Capacity Utilisation 8 Average Manufacturing Capacity Utilisation.

7 Continued RAINFALL STATISTICS Monthly Rainfall Statistics in Some Nigerian Towns POPULATION FORECAST OF NIGERIA Population Forecast of Nigeria D EXTERNAL SECTOR STATISTICS INTERNATIONAL TRADE STATISTICS Foreign Trade: Oil and Non-Oil Value of Major Imports Groups by Sections Imports by H. S. Section Export Commodity Price Index (Base Period: January 2007) Export Commodity Price Index (Base Period: January 2018) Import Commodity Price Index (Base Period: January 2007) Import Commodity Price Index (Base Period: January 2018) Commodity Terms of Trade (Base Period: January 2007) Commodity Terms of Trade (Base Period: January 2018) BALANCE OF PAYMENTS AND INTERNATIONAL INVESTMENT POSITION Balance of Payments Analytical Statement (1981 1993) Balance of Payments Analytical Statement (1994 2004) Balance of Payments Compilation ( Billion) Balance of Payments Compilation (US$ Million) 9 Balance of Payments BPM6 Compilation ( Billion) Balance of Payments BPM6 Compilation (US$ Million) International Investment Position ( Billion) International Investment Position (US$ Million) International Investment Position BPM6 ( Billion) International Investment Position BPM6 (US$ Million) EXTERNAL RESERVES AND MONTHS OF IMPORT COVER External Reserves External Reserves Adequacy Months of Import Cover , & EXCHANGE RATE STATISTICS Monthly Average Official Exchange Rate of the Naira Monthly Average (AFEM/DAS)

8 Exchange Rates of the Naira Central Rate Average Naira Official Cross Exchange Rates Selling Average AFEM/DAS Naira Cross Exchange Rates Selling Naira Official Cross Exchange Rates End-Period End-Period Naira Cross Exchange Rates Selling Monthly Official Exchange Rate End-Period Monthly Average Exchange Rate Movements at BDC, IFEM and I & E Segments of the FOREX Market Computed Relative Purchasing Power Parity (RPPP) Exchange Rate with Percentage Overvaluation and Undervaluation Bilateral Real Exchange Rate End-Period Exchange Rate 10 Bilateral Real Exchange Rate Average Exchange Rate Nominal Effective Exchange Rate Indices for Nigeria Nominal Effective Exchange Rate Indices for Nigeria End-Period Exchange Rate Nominal Effective Exchange Rate Indices for Nigeria Average Exchange Rate Real Effective Exchange Rate Indices for Nigeria End-Period Exchange Rate Real Effective Exchange Rate Indices for Nigeria Average Exchange Rate Sectoral Utilization of Foreign Exchange for transactions Valid for Foreign Exchange Sectoral Utilization of Foreign Exchange for transactions Valid for Foreign Exchange Continued Supply of Foreign Exchange Cash Flow FOREIGN INVESTMENT STATISTICS Capital Importation by Type of Investment Capital Importation By Nature of Business Capital Importation by Country of Origin Coordinated

9 Direct Investment survey 11 EXPLANATORY NOTES SECTION A: FINANCIAL STATISTICS Financial data are normally compiled from balance sheets and financial statements which are primarily designed to meet a variety of legal and administrative requirements, as well as the specific needs of economic analysis. Financial data compilation involves the aggregation of the financial system s accounts to the level at which general macroeconomic tendencies are discernible. Effective end- DECEMBER 2019, the Bank fully adopted the Standardized Report Forms (SRFs) for compiling, presenting, and disseminating monetary statistics as well as policy decisions in line with the IMF Monetary and Financial Statistics Manual 2000 (MFSM) and the 2008 Monetary and Financial Statistics Compilation Guide (MFS Guide). The SRFs contain more detailed coverage of the classification, economic sectorization, currency denomination, valuation, and recording of financial assets and liabilities in the economy.

10 Although both the non-SRF and SRF tables are presented in this publication, the non-SRF data series stopped at end- DECEMBER 2020 while the SRF reporting templates are used going forward with historical data from end- DECEMBER 2007. The consolidated accounts of the monetary authorities/central bank, which are shown in Tables are derived from different sub-accounts of the CBN operations. The Finance Department generates the CBN Analytical Balance Sheet (ABS) using data obtained from the general ledger on the Oracle ERP application. This is forwarded to the Statistics Department as an input for central bank survey . Similarly, the consolidated balance sheets of deposit money banks/other depository corporations (ODCs) are downloaded from Financial Analysis Application (FinA) as inputs for ODCs account which are shown in Table The balance sheets of the central bank and ODCs are consolidated to produce depository corporations survey shown on Tables Balance sheets of the different ODCs are provided in Tables Money market interest rates are captured on Table Monthly interest rate returns of ODCs are used to compute the weighted average lending and deposit rates, using as weights, amount lent for various rates and total depositors funds, respectively.